Quarterly Returns Were Forecasted for a Mutual Fund Comprised of Technology

Multiple Choice

Quarterly returns were forecasted for a mutual fund comprised of technology
Stocks. The forecast errors for the last six quarters are as follows: -.47, 1.12, -.85, 1.27,
) 07, and -.05. The MAD based on these forecast errors is

A) .77
B) .98
C) .22
D) .18
E) .64